Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > SAGD Warm Up Phase

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Comment by JayBankson Jul 02, 2024 11:18pm

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Post# 36115678

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

Quintessential1 wrote: Yeah very.

Just out of curiosity when do you think CJ can achieve a $12 share price organically?

GLTA

I think we could hit $14 after the project is online and we are on regular CAPEX with pay down happening/close to complete, and we get 72 cents per year to wait for it...

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